BargainValueHunter Posted August 28, 2011 Share Posted August 28, 2011 http://www.washingtonpost.com/business/gaining-by-betting-against-flimsy-chinese-firms/2011/08/20/gIQAe4KFgJ_story.html?wprss=rss_homepage Initially he sought a career in journalism. He had internships at the National Post and then the Globe and Mail in Canada. He read “Barbarians at the Gate” and Roger Lowenstein’s book about Warren Buffett. He wrote earnings stories and features, including one about a pair of Canadian mining experts who were for the third time building a mining company that they would eventually sell to a bigger firm for healthy profits. His dissection of China Education Alliance is most Citron-like: http://seekingalpha.com/author/kerrisdale-capital-management/instablog In this article, I’m going to examine China Education Alliance and provide evidence that the company is inflating its financial statements. China Education Alliance (“CEU” or the “Company”) is an online distributor of educational material with a website that fails to work and receives minimal online traffic, company facilities that are empty and unused, egregious shareholder dilution for no sensible purpose, SAIC financial statements that don’t match SEC filings, a history of small no-name auditors, and suspiciously unreasonable margins. Link to comment Share on other sites More sharing options...
moore_capital54 Posted August 28, 2011 Share Posted August 28, 2011 With respect, after reading the article I find it almost Blasphemous to compare this individual to Michael Burry. Link to comment Share on other sites More sharing options...
BargainValueHunter Posted August 28, 2011 Author Share Posted August 28, 2011 With respect, after reading the article I find it almost Blasphemous to compare this individual to Michael Burry. Why? Does he have a skeleton in his closet or two? Link to comment Share on other sites More sharing options...
moore_capital54 Posted August 28, 2011 Share Posted August 28, 2011 Why? this guy is just another chinese short seller, they are a dime a dozen. Not impressed by these guys at all. Michael Burry has one of the best track records managing money (significant sums) in the game. Not to mention, having put on the trade of the decade. Link to comment Share on other sites More sharing options...
BargainValueHunter Posted August 28, 2011 Author Share Posted August 28, 2011 Why? this guy is just another chinese short seller, they are a dime a dozen. Not impressed by these guys at all. Michael Burry has one of the best track records managing money (significant sums) in the game. Not to mention, having put on the trade of the decade. If you are aware of other "Chinese short sellers" that have done the research on sham reverse merger companies AND delivered massive returns for their shareholders then I'd like to know who they are. Link to comment Share on other sites More sharing options...
moore_capital54 Posted August 29, 2011 Share Posted August 29, 2011 Here you go sir: http://in.reuters.com/article/2011/08/05/idINIndia-58628820110805 And: http://www.bloomberg.com/news/2011-01-13/texas-short-seller-fights-china-fraud-in-20-billion-u-s-shares.html There are many more, they are a dime a dozen, and if you add all of them up they might equal one of Burry's farms :) (IE: they are small time) I have nothing against this guy I just didn't agree with your headline. Link to comment Share on other sites More sharing options...
Guest Hester Posted August 29, 2011 Share Posted August 29, 2011 Why? this guy is just another chinese short seller, they are a dime a dozen. Not impressed by these guys at all. Michael Burry has one of the best track records managing money (significant sums) in the game. Not to mention, having put on the trade of the decade. Actually Kerrisdale was one of the first to criticise and short Chinese RTO's. They were in the trade a full year before these frauds started blowing up. Saying they are among a dime a dozen of Chicom RTO short sellers is ridiculous. That's like saying Burry is a dime a dozen among subprime shorts, in 2008. Like Burry, Kerrisdale was one of the first in his trade. It's only popular now after the work of kerrisdale, MW, and John Bird have exposed these criminals. Just like subprime/housing shorting was only popular after Burry and Paulson's work became known and the trade worked. Read their quarterly letters and their website. Their performance speaks for itself. Link to comment Share on other sites More sharing options...
cofabmd Posted August 29, 2011 Share Posted August 29, 2011 Alfred Little has also done good work in China frauds. Link to comment Share on other sites More sharing options...
StockDuck13 Posted January 6, 2017 Share Posted January 6, 2017 Bit late here, but it looks like this guy's life got REALLY interesting last summer... http://www.cnbc.com/2016/08/15/hedge-funder-in-hot-water-sahm-adrangi-arrested-for-dui-cocaine-possession-in-hamptons.html Link to comment Share on other sites More sharing options...
fareastwarriors Posted January 6, 2017 Share Posted January 6, 2017 It's like Wolf of Wall St. :D Link to comment Share on other sites More sharing options...
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